The Impact of Selected Factors on Domain Consensus Between the International Monetary Fund (The World Bank) and Developing Countries

The study assesses the impact of selected factors on domain consensus between the IMF (the World Bank) and developing countries. The objectives are (1) to develop a model on domain consensus and (2) to estimate the extent to which selected factors influence domain consensus. The data were collected using mail survey. They were analyzed using multiple regression with domain consensus as the dependent variable and inter-organizational factors, persuasion factors, and environmental factors as independent variables. The results revealed that the persuasion variables had the most influence on domain consensus, followed by environmental variables, and inter-organizational variables. Thus, indicating that the emphasis of the multilateral agencies should be on persuasion if the chances of success with regards to economic programs in developing countries are to increase.